There is some volatility in the market as Earnings season begins, General Motors breaks out while McDonald’s breaks down
Market Outlook and Daily Stock Updates
Note:- “Understanding the overall market trend is crucial before analyzing individual stocks. If the market is trending downward, it’s unlikely that individual stocks will do well. Thus, assessing the broader market behavior is important before focusing on specific stocks. I rely on a few key indicators to gauge market trends. These indicators guide my decision on whether to invest or hold cash. I assign a percentage score to each of these indicators. The total score determines how much capital I will assign to the market.”
Summary of Market Analysis (70% Uptrend)
- Corporate Bond (HYG) – Moderate (10%)
- Nasdaq 100 Power Shares (QQQ): (20%)
- IBD 50 ETF (FFTY): (20%)
- At least 100 New Highs Today out of 8000+ U.S. Socks (NO): 85: (0%)
- US New High Stocks Exceed New Low Stocks: 67: (20%)
Corporate Bond (HYG): (10%)
Corporate bonds lost confidence and went below slower 48 EMA. It managed to close just above it. A fair amount of panic volume is seen.
Nasdaq 100 Power Shares (QQQ): (20%)
The Nasdaq is showing some strength staying above the EMA clouds while corporate bonds are panicking.
IBD 50 ETF (FFTY): (20%)
The IBD 50 is hovering just above the EMA clouds forming some tightness on the right.
At least 100 New Highs Today out of 8000+ U.S. Socks (NO): 85: (0%)
US New High Stocks Exceed New Low Stocks : 67: (20%)
New Highs: 139
New Lows: 67
Key Stocks – 24 Stocks on Radar, many triggering buy points and breakouts
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Disclaimer:
This newsletter is intended for educational purposes only and should not be construed as financial advice. I strongly encourage you to conduct thorough research. Consult with a qualified financial advisor before making any investment or financial decisions.
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